AMTD Group and AMTD IDEA Group Commit to Two-Year Lock-Up on TGE Shares

SGX Filings

Jun 22

AMTD Group Inc. and AMTD IDEA Group (AMTD) announced that they will not sell any of their shares in The Generation Essentials Group (TGE) for the next two years, aligning with a similar pledge made earlier by TGE’s controlling shareholder, AMTD Digital Inc. (HKD).

The two co-founding shareholders said the voluntary lock-up reflects their confidence in TGE’s long-term growth and value-creation potential.

AMTD Group operates businesses spanning media and entertainment, education and training, as well as premium assets and hospitality, while AMTD IDEA Group offers one-stop business services and digital solutions that connect companies and investors across global markets.

The firms cautioned that the announcement contains forward-looking statements subject to risks detailed in AMTD IDEA Group’s filings with the U.S. Securities and Exchange Commission.

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